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Hi List members
am an occasional contributor for the last 3 years
What's the view on a contrary recovery trade WorldCom has been obliterated
buy the jun 5$ puts for 1,80 buy the stock at 3,45 apart from commissions
you have a stop loss
of just 25 cents on notional value. With daily trading ranges of a dollar
this seems a great counter play with a high chance of making a very decent
return. If the equity market return to higher part of its range or on any
semblance of a telecom recovery.
So folks be gentle with the critique I have over 10 years of sitting as a
prop trader mostly trading currencies and interest rate derivative trades
but this seems a pretty good trade idea?
Also I think that periphery equity markets in far east are holding
exceptionally well like Nordic far east value fund and ishares msci Japan
EwJ.Have a look I think that its quite clear in the case of Japan they are
putting a floor on the Nikkei and trying to engineer this back to the
14000-15000 level.
regards
Mark Oliver
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